Need help with this accounting questions general accounting A company has cash sales of $95,000, credit sales of$280,000, sales returns and allowances of $12,500, andsales discounts of $7,800. Its net sales equal:a. $375,000b. $354,700c. $259,700d. $347,200e. $392,800

Step 1: Definition of Net SalesNet sales refer to the revenue a company earns from its products or…

Answered: A company has cash sales of $95,000,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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A company has cash sales of $95,000, credit sales of $280,000, sales returns and allowances of $12,500, and sales discounts of $7,800. Its net sales equal: a. $375,000 b. $354,700 c. $259,700 d. $347,200 e. $392,800